Bitcoin price formed a strong support near the $3,550 level and traded higher against the US Dollar.There was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair broke the $3,650 and $3,700 resistance levels to move into a positive zone.A high was formed at $3,732 before the price started a downside correction.Bitcoin price gained traction and broke the key $3,600 resistance against the US Dollar. BTC is now placed nicely in a positive zone and dips remain supported near $3,620 and $3,600.Bitcoin Price AnalysisThere was a brief consolidation this past week above the $3,550 support in bitcoin price against the US Dollar. The BTC/USD pair formed a strong support near the $3,550 level and later traded higher. The price gained traction and broke many resistances, including $3,580 and $3,600. It opened the doors for more gains and the price even settled above $3,600 and the 100 hourly simple moving average. During the upward move, there was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair.The pair even cleared the $3,700 resistance and traded to a new weekly high at $3,732. Later, there was a downside correction below the $3,700 level. Sellers pushed the price below the 23.6% Fib retracement level of the last wave from the $3,553 low to $3,732 high. However, there are many supports near the $3,640 and $3,620 levels. An initial support is $3,645 and the 50% Fib retracement level of the last wave from the $3,553 low to $3,732 high.The main support is near the $3,620 level (the previous breakout resistance). It also coincides with the 61.8% Fib retracement level of the last wave from the $3,553 low to $3,732 high. Therefore, if there is a downside correction below $3,660, the price could find support near the $3,640 and $3,620 levels. On the upside, an initial resistance is near the $3,700 level, above which the price may perhaps test $3,750.Looking at the chart, bitcoin price clearly broke a few important resistances near $3,600 to move into a bullish zone. The current price action is positive, with chances of more gains above $3,700 and $3,750. The next key resistance above $3,750 is near the $3,880 level.Technical indicatorsHourly MACD – The MACD is placed heavily in the bullish zone, signaling a strong upward move in the short term.Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently retreating from the overbought levels.Major Support Levels – $3,640 followed by $3,620 and $3,600.Major Resistance Levels – $3,700, $3,720 and 3,740.
The total crypto market cap gained momentum and broke the $118.0B resistance level.EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance.Bitcoin cash price is up more than 5% and it could soon test the $130 level.Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels.Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels.The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other altcoins are also placed nicely above key supports.Bitcoin Cash Price AnalysisBitcoin cash price formed a decent support near the $120 level against the US Dollar. The BCH/USD pair started a fresh upward move and it recently broke the $124 and $125 resistance levels. The pair is now trading above the $128 level and it seems like it could soon test the $130 level.Above $130, the next key resistance is near the $135 level, where sellers might appear. On the downside, the previous resistance near the $125 level may act as a support if there is a downside correction.EOS, Tron (TRX) and ADA Price AnalysisEOS price traded with a lot of bullish moves in the past few days above the $2.55 resistance. The price recently broke the $2.80 and $2.85 resistance levels to move into a bullish zone. It seems like the price might continue to move higher above the $3.00 resistance. On the downside, an initial support is at $2.90, below which the price could test the $2.85 level.Tron price settled below the $0.0255 support this past week, with a few bearish moves. TRX price is currently consolidating above the $0.0240 support, but it is facing a strong resistance near the $0.0250 and $0.0255 levels.Cardano price is up more than 4% and it settled above the $0.0400 resistance level. ADA price recently broke the $0.0420 resistance, opening the doors for more gains. If buyers remain in action, there are chances of a push towards the $0.0450 resistance in the near term.Looking at the total cryptocurrency market cap hourly chart, there was a decent support formed near the $115.0B and $116.0B levels. The market cap started a strong upward move and broke the $118.0B and $120.0B resistance levels. It traded close to the $124.0B level and it is currently consolidating gains. It seems like there could be a minor dip, but the $120.0B level is likely to act as a strong support. Therefore, if there is a downside correction, bitcoin, ETH, XRP, tron, bitcoin cash, litecoin, EOS, stellar, IOTA and other altcoins could find buyers.
Ripple price formed a solid support near the $0.2940 and traded higher against the US dollar.There was a break above two key bearish trend lines with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken).The price tested the $0.3040 and $0.3050 resistance levels, where sellers emerged.In the short term, there could be a minor downside correction before the price spikes above $0.3050 and $0.3080.Ripple price is holding a few important supports against the US Dollar and Bitcoin. XRP/USD is likely to gain bullish momentum once buyers surpass the $0.3080 and $0.3100 resistance levels.Ripple Price AnalysisAfter a few bearish moves, ripple price formed a solid support near the $0.2940 level against the US Dollar. The XRP/USD pair started a decent upside correction and traded above the $0.2960 and $0.2980 resistance levels. During the climb, the price broke the 50% Fib retracement level of the last drop from the $0.3088 high to $0.2940 low. It opened the doors for more gains above the $0.2980 resistance. Later, the price settled above the $0.3000 resistance and the 100 hourly simple moving average.Besides, there was a break above two key bearish trend lines with resistance near $0.2980 on the hourly chart of the XRP/USD pair. The pair traded close to the $0.3040 and $0.3050 resistance levels, where sellers emerged. The recent high was formed at $0.3044 and the price is currently consolidating. An initial support is near the 23.6% Fib retracement level of the recent wave from the $0.2940 low to $0.3044 high. However, the main support is near the $0.3000 level, which was a crucial resistance earlier.The next support is near the $0.2990 level and the 50% Fib retracement level of the recent wave from the $0.2940 low to $0.3044 high. More importantly, the 100 hourly SMA is also near the $0.2900 level to act as a solid support in the near term. To the upside, an initial resistance is near the $0.3050 level, followed by $0.3080. The main resistance is close to the $0.3100 level, above which buyers are likely to gain strength.Looking at the chart, ripple price seems to be placed nicely above the $0.3000 support. However, a proper break above $0.3040 and $0.3050 is needed for more gains. In the short term, there could be a few bearish moves, but the price is likely to gain pace above $0.3050 and $0.3080Technical IndicatorsHourly MACD – The MACD for XRP/USD is gaining momentum in the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just placed well above the 60 level.Major Support Level – $0.2990Major Resistance Level – $0.3080
ETH price gained strength above the $125 and $130 resistance levels against the US Dollar.There was a proper close above the $130 resistance level and the 100 hourly simple moving average.There is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD (data feed via Kraken).The price is likely to continue higher and the next targets for buyers could be $140 and $145.Ethereum price is gaining strength above key levels against the US Dollar and bitcoin. ETH/USD is placed nicely above $130 and it could accelerate towards $145 in the near term.Ethereum Price AnalysisIn the past few sessions, there was a solid upward move from the $120 swing low in ETH price against the US Dollar. The ETH/USD pair gained strength and broke many important resistances such as $125 and $130. There was a proper close above the $130 resistance level and the 100 hourly simple moving average. Recently, there was a tiny bearish reaction from the $130 resistance, but the $124 level acted as a solid support. The price rallied and broke the $130 and $132 resistances. A new monthly high was formed near $135, with bullish moves.After testing the $135 resistance, there was a minor downside correction. ETH dipped below the $133 level, but the $132 level acted as a support. Moreover, the 23.6% Fib retracement level of the recent wave from the $123 low to $135 high acted as a support. On the downside, there seems be a lot of supports forming near the $130 and $129 levels. Besides, the 50% Fib retracement level of the recent wave from the $123 low to $135 high is also near the $129 level.More importantly, there is a key bullish trend line in place with support at $128 on the hourly chart of ETH/USD. Therefore, if the pair corrects lower in the short term, there could be a strong buying interest near the $129 and $130 levels.Looking at the chart, ETH price is gaining strength above the $132 resistance levels. It will most likely break the $135 level and extend gains in the coming sessions. The next target for buyers could be $140, followed by the $145 pivot level. On the downside, the main support is near $130, below which the price may perhaps test the $125 support zone.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is placed heavily in the bullish zone, with a positive bias.Hourly RSI – The RSI for ETH/USD is currently near the overbought levels, with no major correction signal.Major Support Level – $132, followed by $130Major Resistance Level – $135 and $140
The launch date of the much-anticipated decentralised exchange being built on NEO, Nash, was announced by platform co-founder, Fabio C. Canesin during the Sunday afternoon session at Neo DevCon 2019.Canesin and the rest of the team working on Nash are hoping to provide an application that gives users all the convenience of centralised banking or exchange applications, without many of the immense security risks that traditionally plague them. Prior to the beta launch, Nash developers are calling on the NEO community to troubleshoot the software for them.Nash Beta Launch Date Scheduled for March 31During a presentation titled “Distributing Finance for Everyone”, Nash and City of Zion co-founder, Fabio Canesin, revealed the launch date for the Nash decentralised exchange platform as March 31, 2019. The news was greeted by rapturous applause from the NEO DevCon crowd.The Nash exchange seeks to address the problem of centralised exchanges in crypto. The platform aims to be more than simply a decentralised exchange, however. Canesin describes it as a “financial platform” for future digital economies.Nash is a rebrand of the earlier project Neon Exchange (NEX). It will, however, still use the same token in its operation, which also goes by the NEX ticker.Much of the 15-minute presentation was focused on the user experience of the Nash platform. The developers behind it have aimed to create the same convenient user experience that you would find at a centralised exchange, with none of the “honey-pot” risk highlighted by incidents like the recent QuadrigaCX debacle and countless exchange hacks over the years.Pre-release screenshot of the Nash DEX running.As part of the launch, Nash is calling on “passionate users” to iron out any kinks and provide feedback on development so far. In addition, the platform has a referral program that it is rolling out. To help promote it, there is a giveaway running, offering 30 prizes of a share of $100,000 in BTC and 46,000 NEX tokens.Pre-register your Nash account by participating in our referral program and you could win up to $100,000 in Bitcoin! You can find a sign-up code by searching for our hashtag #TrustYourselves https://t.co/yUNpyor2RS— Nash (@nashsocial) February 17, 2019To stand the best chance of as smooth a launch as possible, Canesin stated that the Nash platform was going after “every licence” going. This is consistent with the overall approach of NEO to constantly strive for regulatory compliance. Canesin proudly announced to the Seattle crowd that Nash would be supporting US users right from its launch date at the end of next month.As well as providing a seamless user experience, Nash has aimed to make its decentralised crypto exchange platform as developer-friendly as possible too. The project was founded by five of the founders of the largest NEO developer community, City of Zion. Steered by a team of active developers, Nash’s appreciation of the developer community was explicitly stated by Canesin:“Nash loves developers!”Nash is not the only project going after the decentralised exchange market. The main competition it will face at this early stage will surely come from Binance. The centralised exchange giant announced its own DEX last year.Paving the Way for Crypto Adoption with Slicker UIs.From two days of presentations, interviews, and informal chats with the NEO developer community, one of the standout impressions was just how elegant cryptocurrency applications are starting to look. Currently, the average user interface, even on the most popular Bitcoin or Ethereum interfaces, is often daunting for the lay person. This is, of course, detrimental to widespread adoption.Nash has evidently worked hard to create a platform that bares little resemblance to a typical decentralised cryptocurrency application. The minimalist, modern software design is more reminiscent of a modern banking application or exchange – such as those provided by Square or Coinbase. Nash was just one of many projects espousing the need for developers to provide the seamless user experiences required to see widespread adoption of digital assets at NEO DevCon 2019. Hopefully, this trend is consistent with the developer communities surrounding other blockchain platforms. Related Reading: Will Decentralized Crypto Exchange of Binance Change the Landscape of Digital Asset Trading?Featured image from NEO DevCon Photographers.
Years ago, when Bitcoin was just a wee lad, a crypto user going by Laszlo made the world’s first real-world transaction with BTC. In what became a historic event in this nascent community, the BitcoinTalk user purchase pizza for 10,000 BTC, then valued at less than $40.Since that date using crypto to purchase pizza, or other articles of food at all for that matter, has faded to the back of this industry’s collective mind. But, this changed with a recent application/integration launched on the Lightning Network.You Can Purchase Domino’s For BitcoinFold, a crypto payment upstart founded by Matt Luongo, recently released a fun portal based on the Lightning Network, Bitcoin’s foremost scaling solution. For those who missed the memo, the application has been fittingly dubbed Lightning Pizza, as it allows consumers to purchase Domino’s with Lightning transactions, which are near-instant, effectively free, and (eventually) secured on-chain. Fold’s product lead, Will Reeves, told CoinDesk the following about his company’s newest venture:“We’re trying to make bitcoin fun again and illustrate that lightning is at a point where it is mainstream-ready.”While the application is currently centered around pizza, the Fold team intends to integrate Lightning transactions into Starbucks, Whole Foods, Dunkin Donuts, Target, and Uber payments over the next few months.It is important to note, however, that these aren’t official integrations with the aforementioned outlets. Fold accomplishes this through a third-party crypto-to-fiat system, which places orders on the behalf of users and converts the BTC transacted through Lightning channels into U.S. dollars.Related Reading: deVere CEO: ETF, Lightning, and Halving Drive Recent Bitcoin RallyCrypto Community Catches OnWithin hours, if not minutes, the product caught on. Some of the biggest names in the Lightning Network and Bitcoin development space quickly took to Twitter to divulge that they had indulged in Fold’s application.Hodlonaut, the community member behind the Trust Chain initiative, which saw participation from Jack Dorsey, Andreas Antonopoulos, Anthony Pompliano, Changpeng Zhao, among other industry insiders, lauded the offering, writing:A new dawn of Bitcoin pizza transactions is upon us. Behold the LN pizza! ⚡️⚡️🍕 https://t.co/R7m7w16vR1— hodlonaut🌮⚡🔑 (@hodlonaut) February 13, 2019Others actually used the smile-inducing integration to purchase some Domino’s. Dan, a research analyst at The Block, noted that while he doesn’t buy Domino’s, he does when there’s a Lightning integration.Bart Stephens, a venture capitalist at Blockchain Capital, also took to Twitter to express his excitement, snapping a picture of one of his coworkers, a Casa node, and a piece of company-branded merchandise.Lightning 🌩 pizza 🍕 achievement unlocked today @blockchaincap 🙌🏼 cc: @CasaHODL @lightning @radar_ion pic.twitter.com/nMHU6ti719— Bart Stephens (@pbartstephens) February 15, 2019This news comes just days after Jack Dorsey, the chief executive of Twitter, revealed that his fintech upstart, Square, will eventually integrate the Lightning Network in some capacity. A storm is coming, but where will lightning strike next?Featured Image from Shutterstock
Ever since Bitcoin (BTC) suddenly ran on February 8th, posting a jaw-dropping performance that came straight out of left field, the broader crypto market has entered a lull. While there have been a few notable movers, like Binance Coin (BNB), the broader digital asset class has all but stopped moving. Price action has effectively come to a standstill.This has left many asking, what’s next for the cryptocurrency market? While one analyst couldn’t give a definitive answer on whether BTC will move higher or lower, he argues that a breakout is festering, and is inbound.Related Reading: Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming?Analyst Hints At Bitcoin BreakoutJosh Rager, an advisor to TokenBacon and Blackwave, recently took to Twitter to convey some analysis regarding Bitcoin’s chart. While Josh didn’t have any explicit predictions, due to the non-volatility in BTC’s value, he did note that as the cryptocurrency has yet to break under its “weekly historical support level,” it is likely building its “next strong move.”$BTC ChartHaven’t posted many charts recently with the low volatility of Bitcoin & busy building other projectsSince the 8th of Feb – BTC has been moving slowly sideways as the next strong move buildsGood if you’re trading alts – unless you’re buying the one going to $0 😉 pic.twitter.com/nxF9vOI2z2— Josh Rager 📈 (@Josh_Rager) February 16, 2019As aforementioned, he didn’t definitively or tacitly mention what which Bitcoin could head after its ends this lull, but considering theories regarding the “Bart Formation,” some believers claim that BTC could plummet just as fast as it rallied on February 8th.Josh’s recent comment comes after he took to his Twitter soapbox to make an astute comment. Per previous reports from this outlet, the popular industry personality remarked that after 2019, potentially only a few in the “general population” will be able to afford an entire BTC. He added that while global income per household figures could swell, due to inflation, solid economic conditions, and other factors, after 2021, BTC’s “speculative value could be out of reach for most.”Crypto Could Fall FurtherInterestingly, for once in a blue moon, few commentators are sure where the crypto market is headed in the short-term. But as reported by NewsBTC previously, the few analysts that have issued forecasts in these mundane market conditions expect losses in the near future.Hsaka, a well-followed crypto trader, recently explained that while the chart indicates a “stalemate” between the bulls and the bears, BTC may be leaning towards more downside. Haska’s peer, TraderArjun, echoed the sentiment that downside is in Bitcoin’s cards. Arjun wrote that ever since BTC entered the 3,000s, he’s been wary that a continuation of the sell-off is likely, if not inbound.Featured Image from Shutterstock
While the value of Bitcoin screams crypto winter, industry upstarts have continued to put one foot in front of the other, making notable developmental strides. One of Canada’s leading crypto platforms (no it’s not QuadrigaCX), Coinsquare, made a promising acquisition, as the Toronto-based company continues to bolster its offerings at an unmatched pace.StellarX Acquired Amid Crypto WinterAccording to a recent blog post from StellarX, the “first full-featured trading app for Stellar,” it has been fully acquired by Coinsquare. Instead of fully integrating StellarX’s offering into its own platform, Coinsquare has opted to provide the crypto upstart, purportedly backed by Kickstarter alumni, with the resources it has at its disposal for their original roadmap, nothing else.StellarX has a new home! Read more:https://t.co/Ag1kLbLnWX— StellarX (@stellarxhq) February 14, 2019StellarX’s team, who announced their platform in July of 2018, explained that a “dedicated team” at Coinsquare, which consists of developers and designers, will help the Stellar Lumens-centric decentralized marketplace “operate and grow under its own brand.”On the matter of why this deal went through, the StellarX team noted that while they saw success independently, becoming a top-three decentralized exchange near-immediately, they a new home with “regulatory experience” and fleshed out operations.Thus, the team determined that Coinsquare is a “perfect fit,” as it has close relationships in the U.S., Europe, and in Canada, and was hellbent on expanding its operations. Also, the Canadian company has experience with using the Stellar blockchain, as made apparent by their acquisition of BlockEQ, a Stellar-centric wallet slated to see a rebrand, just a few months prior.This acquisition will see Megha Bambra, the co-founder of BlockEQ, lead StellarX, along with her Toronto development team. In a comment issued via press release, chief executive of CoinSquare, Cole Diamond, expressed excitement:“Stellar is the fastest payment network in the world and we see enormous potential to create industry-leading services on StellarX to further broader adoption.”Coinsquare and StellarX did not divulge the financial details of this deal.Coinsquare Drops StaffersStellarX’s acquisition comes after Canadian fintech media outlet Betakit reported that Coinsquare laid off a good portion of its staffers weeks ago. Citing sources with familiarity with the unfortunate debacle, the company purged 40 employees across the board, bringing its cumulative headcount down to ~150. This represents a 27% reduction in total staffers.It was also revealed that even key C-suite members, including COO Robert Mueller and CFO Ken Tsang, were shown the door. In a statement, CoinSquare chief executive Cole Diamond remarked that the current market conditions are the “most volatile that you or I have ever seen,” thus mandating tough choices, such as laying off staffers. The Canadian entrepreneur explained that Coinsquare needs to be “prudent” in the way it uses its capital, as it needs to stay afloat to fulfill its long-term ambition of creating an organization that “has a real chance at changing the world.”Featured Image from Shutterstock
Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar.The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged.Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The pair is placed nicely in a positive zone and it could continue to move higher towards $3,650 and $3,800.Bitcoin price is slowly gaining bullish momentum against the US Dollar. BTC/USD remains in a decent uptrend, with high chances of a bull run towards the $4,000 resistance in the near term.Bitcoin Price AnalysisRecently, bitcoin price spiked sharply from the $3,350 support area against the US Dollar. The BTC/USD pair rallied and broke the $3,500 and $3,600 resistance levels. There was also a break above $3,700 level and the 100 simple moving average (4-hours). Buyers pushed the price towards the $3,750 level and a new monthly high was formed near the $3,745 level. Finally, the price started a downside correction and traded below the $3,700 level. There was even a break below the $3,650 level, but the price remained well above the 100 simple moving average (4-hours).During the decline, the price broke the 23.6% Fib retracement level of the last wave from the $3,343 low to $3,744 high. The price traded below the $3,600 level, but buyers appeared near the $3,540-3,530 support area. Moreover, the 50% Fib retracement level of the last wave from the $3,343 low to $3,744 high also acted as a support. A new support base was formed near $3,340 before the price moved higher. Recently, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair. The pair is now placed nicely above the $3,550 level, with a bullish angle.On the upside, an initial resistance is near the $3,600 level, above which there are chances of more gains. The main resistance is near the $3,750 level, followed by $3,800. If buyers remain in action, the price could even test the $4,000 barrier.Looking at the chart, BTC price is showing positive signs above the $3,550 level. Should bitcoin fail to gain pace above the $3,600 level, there could be a bearish reaction. An initial support is at $3,540, below which the price could test the $3,500 support area.Technical indicators4 hours MACD – The MACD for BTC/USD is slowly moving in the bullish zone.4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently placed above the 50 level.Major Support Level – $3,540Major Resistance Level – $3,600
Ripple price is struggling to clear the $0.3000 and $0.3100 resistance levels against the US dollar.There is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair (data source from Kraken).The pair must gain momentum above $0.3000 and the 100 simple moving average (4-hours) for more gains.On the downside, a break below the $0.2940 support could trigger bearish moves in the near term.Ripple price corrected lower after a decent upward move against the US Dollar and bitcoin. XRP/USD is likely to make the next move either above $0.3000 or below $0.2900.Ripple Price AnalysisAfter forming a support near the $0.2850 level, ripple price made a nice upward move against the US Dollar. The XRP/USD pair rallied and broke the $0.3000 and $0.3150 resistance levels. The price traded close to the $0.3200 level, where sellers emerged. A high was formed at $0.3198 before the price started a downside correction. There was a sharp decline below the $0.3100 and $0.3000 support levels. Sellers pushed the price below the 50% Fib retracement level of the last wave from the $0.2853 low to $0.3198 high. Besides, there was a close below the $0.3000 level and the 100 simple moving average (4-hours).Similarly, there were bearish moves in bitcoin, Ethereum, eos, litecoin and other altcoins. Later, ripple found support near the $0.2940 and $0.2950 levels. It traded close to the 76.4% Fib retracement level of the last wave from the $0.2853 low to $0.3198 high. Finally, the price started trading in a range between the $0.2940 and $0.3050 levels. On the upside, there is a crucial bearish trend line formed with resistance at $0.3000 on the 4-hours chart of the XRP/USD pair. Therefore, a break above the trend line and $0.3040 could open the doors for more gains. The next key resistance is near the $0.3110 level, above which the price may test $0.3200.Looking at the chart, ripple price seems to be trading in a range above $0.2940 and preparing the next move. If there is a downside break below $0.2940, the price could test the $0.2850 support area. The next key support is near $0.2770 and the 1.236 Fib extension level of the last wave from the $0.2853 low to $0.3198 high. The overall price action is slightly bearish, but the $0.2940 support might continue to hold losses.Technical Indicators4 hours MACD – The MACD for XRP/USD is showing a few bearish signs in the bearish zone.4 hours RSI (Relative Strength Index) – The RSI for XRP/USD just moved below the 50 level.Major Support Level – $0.2940Major Resistance Level – $0.3000